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Aberdeen's city administration is proposing a $14.1 million operating budget for fiscal year 2015, which reflects a 16 percent decrease in spending from fiscal year 2014. Even so, the proposed budget includes a cost of living increase for city employees of 2.5 percent, Mayor Mike Bennett said Monday. The city is also proposing keeping the property tax rate at 68 cents per $100 of assessed value, the highest of Harford's three municipalities. Bennett, however, said the city's tax situation could change. Authority to levy a hotel room tax, which had eluded Aberdeen for years, was approved by the Maryland General Assembly earlier this month and is expected to benefit...

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Aberdeen's city administration is proposing a $14.1 million operating budget for fiscal year 2015, which reflects a 16 percent decrease in spending from fiscal year 2014.Even so, the proposed budget includes a cost of living increase for city employees of...

The Bel Air Board of Town Commissioners reviewed a general fund budget for the 2014-2015 fiscal year on Monday that contains the first merit increases for town employees in several years.
The proposed budget is 1.4 percent higher than the current general...

Legg Mason plans to close a deal this month to restructure $650 million in debt, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.
The money raised from...

The Bel Air Board of Town Commissioners unanimously gave final approval Tuesday to the town's $15,967,773 budget for the 2015 fiscal year, which begins July 1.
Total spending by the town will increase by less than $93,000, half of a percent, in the...

The state-owned Hyatt Regency Chesapeake Bay resort in Cambridge continues to deplete a reserve fund to cover its semiannual debt payments because it is not making enough money.
The state withdrew $2 million from the reserve June 1, cutting the fund's...

While it's not uncommon for any negotiation to begin with a degree of doubt, it's difficult to imagine any launched with as little optimism as accompanied the opening last week of federal budget talks. That President Barack Obama could possibly still be...

Gov. Martin O'Malley's final budget proposal leaves the state on a sounder fiscal footing than when he took office seven years ago. Though he will not bequeath his successor anything close to the hefty fund balance his predecessor, Robert L. Ehrlich...

The Columbia Association announced Friday afternoon that it will not renew President Phil Nelson's contract when it expires April 30.
“After a lot of discussion, (the CA Board of Directors) decided we wanted to go in a different direction,” Board Chair...

Local government officials aren't the only ones who have to worry about meeting the stormwater pollution reduction targets set by the Environmental Protection Agency as part of its Chespaeake Bay pollution diet. The State Highway Administration also has a...

The city-owned Hilton Baltimore spent nearly all of the $2.8 million it generated in hotel occupancy taxes — money the city gave it last year to help the struggling convention center hotel make its debt payments, officials said.The hotel did return...

From a presentation by Frito-Lay to approving the much-discussed Transit Oriented Development code to giving the OK for the police to sell one of its old cars, there was more than just pay raises and potholes addressed at Monday night's Aberdeen City...

Attorney General Douglas F. Gansler, running for the Democratic nomination for governor, proposed Friday that the state give commuters a break on the tolls on the Intercounty Connector in the Washington suburbs.
Gansler's campaign issued a statement...

After his mother's death six years ago, Doug Hamilton says, his financial life spiraled out of control. He spent freely, didn't pay his bills on time and had creditors calling him at work.
Marlena Clay-Boone says her financial problems started as her...

Years ago, before we were married and moved to Maryland, my husband opened a checking account in Indiana and had the statements mailed to his office there.
The account wasn't forgotten, just ignored. That wasn't a problem until his employer moved and...

The move by the federal government to end the sale of paper savings bonds at banks and credit unions next year is bad news for savers in more ways than one.The amount of savings bonds consumers can buy each year will be significantly reduced. And even...

I am trying to hang in with The Sun.Despite running no international soccer news, no international news aside from the littlest paragraphs, and publishing columnists like Marta Mossburg without disclosing her financial support from a demonstrably biased...

The Orioles have showed up on a list of major league teams with debt beyond what baseball permits. But experts said Friday that the finding doesn't mean the team is financially unsound.
The Orioles were among nine teams in violation of MLB debt service...

Kirk-Habicht Co. in Essex doesn't do much business in Europe, but problems on the continent are buffeting the manufacturer all the same.
Its employees rely on a heavy wire to make springs tough enough for trucks, and the only plant they know of that...

European leaders are working feverishly to create what German Chancellor Angela Merkel is calling a "fiscal union" to restore private investor confidence in Europe and rekindle growth. Unfortunately, what she advocates will thrust Europe into a...

The superintendent of Anne Arundel County's public schools has proposed a nearly $1 billion operating budget for the 2013 fiscal year, about $50 million more than the system was allotted this year. "We have been good fiscal stewards of the money...